abrdn Property Income Trust Limited (LON:API) to Issue Dividend Increase – GBX 1 Per Share

abrdn Property Income Trust Limited (LON:API – Get Rating) declared a dividend on Thursday, August 4th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 11th will be paid a dividend of GBX 1 ($0.01) per share on Friday, August 26th. This represents a dividend yield of 1.27%. The ex-dividend date is Thursday, August 11th. This is an increase from abrdn Property Income Trust’s previous dividend of $0.75. The official announcement can be viewed at this link.

abrdn Property Income Trust Stock Performance

abrdn Property Income Trust stock opened at GBX 79.07 ($0.97) on Friday. abrdn Property Income Trust has a fifty-two week low of GBX 75.41 ($0.92) and a fifty-two week high of GBX 80.80 ($0.99). The stock has a market cap of £306.49 million and a P/E ratio of 359.41. The company has a debt-to-equity ratio of 27.74, a quick ratio of 1.75 and a current ratio of 1.75.

abrdn Property Income Trust Company Profile

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The objective of the Company is to provide shareholders with an attractive level of income together with the prospect of income and capital growth. The Board intends to achieve the investment objective by investing in a diversified portfolio of UK commercial properties. The majority of the portfolio will be invested in direct holdings within the three main commercial property sectors of retail, office and industrial although the Company may also invest in other commercial property such as hotels, nursing homes and student housing.